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Record GDP Plunge

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South Africa’s second quarter GDP contracted by a record 51% in the second quarter. The unavoidable fact is SA is in a deep economic crisis. Basic services are under strain, local government has been hollowed out by cadre deployment, corruption is rampant and public debt is a runaway train threatening to smash into the hopes of the NDP in a few years from now unless something is done about the lack of reform implementation. The one bright light on the horizon is the government's newfound commitment to infrastructure to catalyse growth. Michael Avery speaks to Annabel Bishop, Investec Chief Economist; Webster Mfebe, CEO of the South African Forum of Civil Engineering Contractors; ; Dr Azar Jammine, Chief Economist at Econometrix & Chris Campbell, CEO of Consulting Engineers South Africa
8 Sep 2020 2AM English South Africa Business · Business News

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